Legal Blog

Read & Share: Black Swan Events

April 21, 2020

We have recently seen the longest-running bull market in U.S. history get pushed into a bear market because of the global pandemic, COVID-19. From its peak in mid-February, the S&P 500 has fallen almost 30%.

Black Swan Events – unexpected events, with major effects and consequences – have occurred throughout history. The Markets in a Minute chart from New York Life Investments, diagrams the sell-off size, and recovery time frame, of some of these events.

ABOUT MIKE MERCURIO

Michael N. Mercurio is a leading attorney in the field of mergers and acquisitions (M&A). He serves as outside general counsel in buy-side and sell-side M&A, as well as in all business law and real estate law matters. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on the many challenges, issues, and opportunities companies face throughout the business lifecycle—from start-up to eventual exit.

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